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CNBC
Nov 3, 2012 6:00am EDT
bring your attention to a headline. the new york city marathon has been canceled. this according to our affiliate wnbc which, of course, is a local news station here in new york, so the new york city marathon has been canceled. we will have more on this story as we have it but, again, this was a very controversial call made by mayor bloomberg to hold it despite with what's going on with hurricane sandy. this is what we know so far, the marathon has been canceled here. so interesting developments here as we continue to track this story and we'll bring you more on this. we're going to take a short break here for now but stay tuned. much more "options action" straight ahead. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >>> got you. >> breaking news at t
CNBC
Nov 1, 2012 1:00pm EDT
from the metropolitan transit authority. that's the agency in charge of mass transit in new york city. look at the destruction there. that is the brooklyn battery tunnel flooded almost to the ceiling there. there's one of the subway stations close by. >>> mayor bloomberg, governor cuomo are touring the damage today and we will be following along with them. >>> now, even if your house an car are okay, what can you do? gasoline supplies are running low for cars and generators. coming up, we're going to map out the system to show you where the real bottleneck, the problems are. >>> and, advice from new orleans to new york. they've been through this before in the port of new orleans. what are the lessons they learned and how can it help here in the new york metropolitan area? >>> sue herera is off today. simon is in and at nyse. >> this is a good rally that we've got on the back of the economic data that came through today in advance, importantly, of tomorrow's employment report. you see this we are off our highs but it is still triple digit. volume is good. the volume yesterday actually by the
CNBC
Nov 1, 2012 7:00pm EDT
to normal. and between news for the 26 mile new york city marathon will proceed as planned this sunday. >> so welcome back, everybody. the pictures and stories left from the storm's after math are still jaw-dropjaw-dropping. let's begin with scott cohn in lower manhattan. >> larry, hurricane sandy sent about 4 feet of water in the financial district and they think it actually may be a total loss, about $300,000 worth of damage. and they don't know if insurance is going to cover it. you multiply that by thousands of businesses and you begin to get a sense of what the problem is. and then there's the issue of getting around and getting gas. mary thooyor thompson has that . >> people with been waiting in line two to three hours. there's a shortage of power to open other gasoline stations. a lack of electricity plaguing the tri-state area. >> dangerous conditions at the gas terminal which is crucial. workers here trying hard to clean things up, but tough to do so without power. over to jackie deangelis for more on the utility side of things. >> nearly 4.5 million customers still wit
CNBC
Nov 2, 2012 12:00pm EDT
backlash erupts as new york city prepares for its may marathon. does former mayor ed koch agree with mayor bloomberg's decision? he's calling in to "halftime" next. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a business you'd like to start. or protect your family with a will or living trust. legalzoom makes it easy with step-by-step help when completing your personalized document -- or you can even access an attorney to guide you along. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan
CNBC
Nov 1, 2012 2:00pm EDT
the incredible snafu of just trying to get in and out of new york. the city, my friends, is a parking lot. >>> plus, the head of one of america's biggest builders tells us what it is going to take to rebuild. >>> and bond king bill gross chimes in on the economic impact of what he is expecting from tomorrow's massive pre-election payroll jobs report. >>> mandy, there is news outside of the storm. zplin deed there is. let's look at what the stock market is up to on that note. the dow is trying for its first 1% gain today since september the 13th. the s&p also rallying today. the index has not seen a positive november since 2009. the nasdaq tumbled 4.5% in october, but it is now having its best day since september 27th. >>> let's get straight down to the floor. bob pisani joins us from the floor of new york stock exchange. nice rally we've got going on here. i would imagine though not quite so nice trying to get in to the nyse this morning. >> it's a mess! but first to the rally. it is the first day of the month. we usually get some inflows. that's what's happening. i love it when it wo
CNBC
Nov 2, 2012 3:00pm EDT
. the dow and the nasdaq right now. >> bill, apparently the show must go on. new york city marathon will still go on despite all the devastation and suffering still happening around new york. a key city official is now breaking ranks from mayor bloomberg and calling for the race to be canceled. he'll join us next. >>> also, don't miss nbc's sandy benefit concert featuring spring seen, bon jovi, christina aguilera among many others. all proceeds will be donated to the american red cross relief earths. that's tonight. you'll find it here tonight on cnbc. in fact, all of the nbc kmachans will carry it beginning at 8:00 p.m. eastern time. stay tuned. aspirin, really? i haven't thought about aspirin for years. aspirin wouldn't really help my headache, i don't think. aspirin is just old school. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. what's different? it has micro-particles. enters the bloodstream fast and rushes
CNBC
Nov 1, 2012 12:00pm EDT
buildings they came from will stand up. as i've stressed for the past several days, getting new york city back on it feet, meeting two pair mount challenges. restoring mass transit and electric power to areas where it's been disrupted. mta did a phenomenal job of getting subway service restored and i want to thank governor cuomo and the mta chairman for deciding to wave the fares on all subways and buses through tomorrow. it was the right decision. wish they'd do it all along. unfortunately, they can't until shelley silva comes up with another way of funding them, but i would never say that here when shelley's standing next to me. >> we've been listening to michael bloomberg give an update. saying the death toll in new york has reached 37 people killed. he says that number may in fact go higher in his words, the full toll of the storm is still merging. in terms of updating the city, there is limited subway service back in operation today in manhattan. that's helping get folks around a bit. cob ed who spoke earlier on "squawk on the street" saying they hope to have in manhattan with underground
CNBC
Nov 2, 2012 7:00pm EDT
canceled the ing new york city marathon scheduled for this sunday. let's go live to cnbc's brian shactman with the latest. good evening, brian. >> reporter: hi, larry. as late as midafternoon mayor bloomberg was adamant that the race would go on. preparations were moving forward from the equipment to people signing up. but basically the negative momentum swung actually early this morning with the publication of a front-page article in the "new york post" about the huge generators that were being used to power the new york city marathon in central park. there was actually a third generator sitting idle. all three of those could have been used for recovery efforts. well, it exploded on twitter and facebook and eventually public figures came and spoke out against this. this afternoon, later in the day there were meetings and major bloomberg, canceled, didn't postpone but canceled the marathon. here are some of the statements from the mayor's office. while holding the race would not require diverting resources from the recovery effort it is clear it has become the source of controversy and di
CNBC
Nov 8, 2012 4:00am EST
all reacting to yesterday's election result in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do mo
CNBC
Nov 2, 2012 9:00am EDT
in new york city, the greatest city in the world. >> are you saying that because of sea levels rising and more violent weather, you now need public intervention to secure lower manhattan because it is too low? >> the truth of the matter is we witnessed and experienced 100-year flood. those don't come very frequently. how frequently that will begin in the future, nobody really knows. but the assumption is at some point in the next 100 years we'll experience it again. in order to provide for safety, we're going to need measures that have protected hundreds of millions of people in other parts of the world. we're going to need to hear it and the greatest city of the world there's no reason we shouldn't. >> to carl's point earlier, you have a portfolio property. are you concerned the desire to be in it lower manhattan whether you are just an average person looking for a home or a business, that desire is going to be diminished seeing what you can go through if you live downtown. >> you know, you can live in fear and you can be a realist. i think realism is terribly important no mat
CNBC
Nov 1, 2012 6:00pm EDT
. new york city mayor decided yesterday you needed three people in your car to cross over the east river to get from mat hat tan to brooklyn. you can beat the edict if you crossed over before 6:00 a.m. i set off to find some place to get internet access, electricity and a little wireless. i first tried the new york city stock exchange. they had electricity but that was it. so i started the trek north where i could get back on the grid. i walked a block, then two. and we came upon a park, the site of occupy wall street. i got three bars on the iphone and four bars on the verizon air card and a guy selling hot coffee. maybe they were walking dead post apocalyptic world of scant resources that was lower manhatt manhattan. the surprise came from the chinese purchasing manager's number. a string of disappointing figures from the totally more abundant economy. but we didn't get it. you got your first chinese guide up, not guide down. the best of the year. this was just joyous. no one was looking for this. suddenly i didn't care. here was a number that didn't fit into the near universally
CNBC
Nov 1, 2012 3:00pm EDT
surrounding new york city. it's becoming a major headache for many commuters in one of the most densely populated areas of the country. mary thompson at a gas station in new jersey where some drivers are waiting up to a number of hours to fill up. >> that's right, bill. all day we've been showing our viewers the long lines that have formed here at the vince lombardi rest stop in ridgefield, new jersey. we've been here since about 4:00 in the morning. since then, there's been a steady stream of cars lined up. it might take you 25 minutes to get gas traveling south. if you're traveling north, it can take you up to two hours, as it did for clarence lewis. >> it's horrible. lines long everywhere. ran out of gas once. survived it. got back on the road. then got up early this morning, like 7:00, to get over here to get gas. >> the reason you can't get gas, gas stations can't get power. without power, they can't pump gas. if they have power, they may not have gasoline because they've sold out and can't get their tanks refilled. that's because the storage terminals are without power too
CNBC
Oct 31, 2012 11:00pm EDT
northeast. plus, the effort to fix new york city's broken subway system. millions of people are still without electricity. let's check in with sandy cutler, find out more about the quarter and where his company is headed. welcome back to "mad money." >> thanks, jim, welcome back to "mad money." >> thanks, jim. it's good to be with you this evening. >> i have a customer base that is without power, in other words, eight million people without power. it would seem that the most natural call to make is to this new combined eaton-cooper to get that power back to people's homes. >> yeah, there's no question, jim. it's pretty basic. water and electricity don't get along real well. when you mix it with wind, it leads to terrible conditions people are having right now. we're anxious to help. a lot of our products will be used to getting important connections to people so they've got light and heat and power in their homes. >> i think people don't know the name eaton at home. the people in the industry do. could you tell someone sitting there waiting for power to come on where you intersect wit
CNBC
Nov 1, 2012 5:00am EDT
under way just one hour and an awful lot to to get to. >> new york city still struggling to right itself after monday's super storm. one stap he have the big apple will return, the mta will resume partial subway service on 14 lines. la guardia airport will also reopen at 7:00 a.m. with limited service. amtrak says it will try to restore service to penn station come friday. >> homes in bay ahead are seriously damaged or destroyed. president obama got a firsthand look with governor chris christie yesterday afternoon. >> and danielle lee joins us, she's in the town of toms river. and we know this is one of the hartest hit areas. with you tell us how extensive the damage is? >> all of those popular summertime vacation communities are cut off from society. and there are stand reminders, bits of people's lives ripped to shreds. people here beginning a third day without power. millions of people throughout the state have no power. they are really getting ready to get back to life as normal. many walking around just wanting to get over to the jersey shore, those that have being a straight
CNBC
Nov 30, 2012 5:00pm EST
from the nasdaq market site in new york city's times square i'm melissa lee. these are the traders here and in beautiful los angeles. stocks eking out gains as traders wait on washington. a flashing red warning sign emerging for the consumer. shares of yum brands taking a hit on the warning on the outlook for china. what does this mean for the other multinationals. this is much more than a single stock story because yum is looked at as a barometer for china growth. >> this year as mcdonald's was signaling that china was weakening we are seeing sales trends weaken. yum was doing fantastically in both regions. yum gets it disproportionate from the sales. and a lot of investors were wondering how these guys were bucking the trend for so long. to me this is a little curious. just gave guidance on october 10. to me they may have a bit of a credibility problem. the other one we were talking about is tiffany's. they have downgraded yesterday and that was also based on china. you are getting it on both sides of the spectrum. >> that is a great point in terms of their guidance. that is what
CNBC
Nov 17, 2012 6:00am EST
fashion. the action begins now. >>> welcome from the nasdaq market site in the heart of new york city's times square, i'm melissa lee. these are the trades and stocks closing on the highs of the today. only stock america is watching right now, apple. it reversed and closed flat for the session, setting up for an apple rally. analysts, what did you make of the action? >> i was trading a lot of apple today, you can follow us on twitter and on the site. we were buying call spreads yesterday, buying more today. we were looking for capitulation that says, i just want out, painful, painful press action. >> it's a big swoop down. >> this was the largest volume since march, the middle of march on apple. we saw it on a rapid, down $10, up $10, over the course of 30 minutes, a short-term bottom. this doesn't mean happy days are here again and apple is going back to 700. no way do i think apple hits 700 again. but it's a short-term bottom. >> the relative strength in apple hit the weakest point. we saw a quick 15% rally. apple such a big component of the market, everybody sitting here assuming that the
CNBC
Nov 2, 2012 2:00pm EDT
. >>> new york city's decision to run the marathon. folks still don't have power or heat. >>> the latest involving out of town utility crews, unions and a hard hit area that's getting a lot of attention. >>> thanks very much, brian. the dow putting on a 57-point gain in the very first minute of trade after the better than expected jobs report but the gains evaporated real quick. nonetheless, the dow is enjoying its best week in a month. >>> as for the s&p, it is also still on track for its best weekly gain in a month, albeit a very shortened trading week. indeed this is the first three-day week for the stock market since january 2007. >>> the nasdaq also had its best week in nearly two months. crude oil and other commodities are moving lower as we're seeing the dollar currently hitting around a three-week high against the euro. the thinking here is that the better the economy maybe the less likely there will be more qe. >>> gold on the same reasoning also now at a two-month low and sitting below $1,700. >>> let's get down to bob on the floor of the new york stock exchange. what's your ta
CNBC
Nov 2, 2012 4:00pm EDT
. food running scarce in pockets of the new york metropolitan region. we'll do a channel check just outside new york city next. wait until you see what's going on. it is absolutely horrible. >>> plus, gasoline tanks running dry. people actually strategizing when and where to fill up in the new york/new jersey area so they can make it to work on monday morning. we'll tell you when relief will be coming on the gas story. >>> speaking of relief, be sure to watch nbc's special concert benefitting victims of sandy. the lineup includes bruce, billy joel, jon bon jovi, christina aguile aguilera, and sting. the action kicks off here at 8:00 p.m. eastern. don't miss it. back in a moment. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> welcome back. superstorm sandy resulting in somethin
CNBC
Nov 2, 2012 1:00pm EDT
the new york marathon will start on sunday. more subway service returning to manhattan, but not below 42nd street where power is still out in wide parts of the city south of that parallel. city officials say they may have to evacuate the marine life from the massive new york city aquarium based in brooklyn. the death toll from the storm nearing the 100 mark. despite the damage in atlantic city, that town's famous casinos are open again and they are conflicting reports about when power will be restored in manhattan. hundreds of thousands still in the dark but con ed hopes to have them back online this weekend. >>> pse&g, new jersey's largest utility, still has 1 million customers without power. the company has 60 switching stations. workers have been scrambling to clean them up. a team at the essex switching station in newark has been working for 48 straight hours. it is painstaking work as you can see right there. >> to the lowest level they're taking every little screw out of a terminal strip, cleaning the terminal strip with a wire brush, cleaning the terminal on the end of the wire with a wire brush, spraying it with oil. spraying it down with oil,
CNBC
Nov 20, 2012 12:00pm EST
times square, in new york city. but there's a look at the dow. as the fed chairman speak, we'll break down the headlines. we'll talk to the traders and get their outlook, also, stick around for the bottom of the hour. bar ra is going to make some comments as we lays out in greater delay these charges of what he calls the most lucrative insider trading scheme ever. in the united states. as you take a live look there at that podium in lower manhattan. we'll be right back. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ boproductivity up, costs down,f thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have tho
CNBC
Nov 6, 2012 11:00pm EST
. >> i want to go to democracy plaza in new york city because brian sullivan is there. he's going to tell us also the results in the senate. over to you, brian. >> yeah, thank you very much, maria. listen, i mean, right now there's certainly going to be talk tomorrow for everything you're hitting on. the unemployment rate is still too high. will we get a deal on the fiscal cliff? i can bring you color from here. not the blue and red on the map, i'm talking about the crowd. when those results you announced at the top of 11:00 came out, an audible cheer, chants of "four more years," people hugging over here, cars honking over here. i can't speak for the rest of the country, maybe with the exception of chicago. there's a lot of jubilation right here in democracy plaza. you can tell this yehere arounds a very pro-obama crowd. i think you bring up a great point. when we wake up tomorrow morning, we're still in for a mess of fiscal cliff trouble and we're still pretty much back to where we were and i want to put it back to you guys in the studio. when we look back on this election, how muc
CNBC
Nov 5, 2012 1:00pm EST
. the bull's-eye is on the new york city area once again. the forecasts say it is intensifying and quickly. i'm tyler mathisen. sue herera is back with us. she's at the new york stock exchange. >>> we will get to the markets in just a few moments but first, the weather channel's on the next storm that is about to hit the northeast. i just hope we don't need for the recovery area along the east coast right now but we are looking at a full blown nor'easter in the wednesday to thursday time frame. let me show you one of our computer models here to outline just what's going to happen. talking about a low pressure system developing along the southeast coast here that's going to intensify as it moves northward. by wednesday morning rain and wind in to the new jersey and new york area. then, unfortunately, as we get into wednesday evening, this storm intensifies to a point that we're going to see greater than 50-mile-an-hour wind gusts into the new york city area right along the jersey coast. this green area here, a lot of rain as well. rain, wind, temperatures in the 40s. just really rou
CNBC
Nov 5, 2012 2:00pm EST
will have to look at storm walls and that kind of protection the same way the entire new york city infrastructure will need to look at it. >> immediate to longer term, is there any way we can reduce our reliance on gasoline? i know we're a driving culture, but surely there are other ways for example taking away some of the price increase caps and just let those prices rise. >> well, right now in the short term, if you did have the ability to gouge, i'll use that word freely. if you have the ability to raise prices as high as you can you would do two things. first, there is a lot of talk out there about people panicking, topping off their tanks when they really don't need to, that sort of thing. if you have $6 or $7 gasoline that would end. it also creates an entrepreneurial opportunity to go with a $9,000 tank truck into harrisburg, albany, whatever, load it up, bring it here and actually spread money. it is the spread over the regular price somewhere else is not that high, that opportunity doesn't exist. i said this on your show last week. i mentioned it to a few people at home over the weekend.
CNBC
Nov 19, 2012 1:00pm EST
behind the sale of a $54 million new york city apartment. yes, one apartment. $54 million. >>> and there are two things it doesn't do much good to watch on your dvr. live stock market coverage and also sports coverage. that's why two of the biggest names in media, sports and entertainment, may be about to do a deal. julia. >>> i'm julia boorstin. rupert murdoch and news corp. making a play for the new york yankees cable network. that's not all though. there's a bigger plan in the works. i'm tell you what it is next on "power lunch." >>> if congress fails to save the u.s. economy from the fiscal cliff, the epa will face a budget cut of over $716 million in 2013 which is $105 million less than the agency's current 2012 level. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life
CNBC
Nov 14, 2012 2:00pm EST
to new york city where you're going to, i assume, see people who are still suffering the effects of hurricane sandy which many people say is further evidence of how a warming globe is changing our weather. what specifically do you plan to do in a second term to tackle the issue of climate change, and do you think the political will exists in washington to pass legislation that could include some kind of a tax on carbon? >> as you know, mark, we can't attribute any particular weather event to climate change. what we do know is the temperature around the globe is increasing, faster than was predicted even ten years ago. we do know that the arctic ice cap is melting faster than was predicted even five years ago. we do know that there have been extraordinarily -- there have been an extraordinarily large number of severe weather events here in north america, but also around the globe. and i am a firm believer that climate change is real, that it is impacted by human behavior and carbon emissions, and as a consequence i think we've got an obligation to future generations to do something a
CNBC
Nov 5, 2012 5:00pm EST
market site in new york city's times square, i'm melissa lee. it is almost here. we are now just hours away from americans heading to the polls. the presidential campaigns entering the home stretch. cnbc's john harwood has made it down to the nasdaq. he's got the latest from camp obama as well as camp romney. john? >> melissa, this thing is going down to the wire. the candidates have been crisscrossing the swing states for the last 24 hours -- wisconsin, florida, virginia, ohio, all the places that matter. let's take a look first at the national polls. our last poll shows 48% for obama, 47% for mitt romney. the president inching ahead. the same thing has happened in some other national polls. more importantly for the president, look at the swing state numbers. start with the state of virginia, 13 electoral votes. the president's got a one-point lead, 48-47. in florida, with 29 electoral votes, a state mitt romney absolutely has to have, president obama leads by two points-47. and in ohio, the ultimate hinge point in this election, another state that mitt romney absolutely believe
CNBC
Nov 13, 2012 4:00am EST
consumers in the new york city area, finding that perfect holiday gift may not be the first thing on their minds. they're continuing to clean up after hurricane sandy. before the storm struck, a majority of chains were fairly confident about the holidays expecting sales to be the same or better than last year. joining us now is executive vice president of the retail council of new york. ted, good morning. we spoke with you last just after the storm. and your sense wasn't clear yet as to what the impact would be. and that ben foit a home dae poe and the other suppliers or would it hurt results for retailers broadly speaking. do you have anymore clarity on the issue today? >> i think going into the holiday season, it's always neb's guess how it will go. this puts such a huge unknown into an already unknowable factor. and i think as you just mentioned as the home improvement stores will probably do a little bit better particularly in the new york city long island new jersey westchester areas, simply because it's a fact of life down there now and that's where people need to spend their money.
CNBC
Nov 1, 2012 6:00am EDT
. >> okay. so sorry. >> many residents of new york city are still without power and many are cut off from basic services. tensions are starting to run fairly high. andrew was kind of in a bad mood this morning. scott cohn -- maybe that was because of cat in the hat last night. >> we have refugees in our house. people below 34th street who still don't have any power, we have people living in -- >> squatters. what's going on scott, where are you? all right i'm on water street in lower manhattan. the each river is a good half a mile from here, but this place was under water and they're still pumping it out as you can see. see the water line there? so this water was up more than waist high. and so no workouts anytime soon, that's obvious. and one thing that will be missing for a long time to come is the wall street "power lunch." take a look at video that we shot at harry's restaurant. they got about four feet of water. there was water everywhere, water in the wine cellar, you name it. it's very much a tale of two cities in manhattan. you have the power out below 34th street. the power o
CNBC
Nov 27, 2012 6:00am EST
, one to three highest elevations. if you get out north and west of new york city, you'll find spoke especially on the grass and higher elevations, eastern sections of connecticut. ought side of this, all rainfall. storms from atlanta stretching back through birmingham and down toward new orleans. all this marching off to the east. we'll be seeing a pretty decent a rainfall. in the southeast, they really could use it. not a bad thing here. >> okay. eric, thank you. squawk sports news, monday night football, panthers beating the eagles 30-22. cam newton threw for two touchdowns and ran for two more. a lot of times -- now there's sunday night, monday night, and i think a lot of times there's thursday night. a lot of football. if you want it, you can definitely see it. at least the nfl is still almost as good as college whereas basketball, i don't think it's close. >> in the pros versus -- >> for me. just me personally. >> i agree with that. >> really? >> yeah. what y with the school, you can get behind it. >> are you still holding out some chance on this thursday? do you think -- >> i'
CNBC
Nov 7, 2012 1:00pm EST
lower manhattan and new york city. once again we're talking about storm surges. as a matter of fact, there are almost no restaurants open down here. when i was walking down to the exchange, it was starting to snow a little bit. the wind is picking up because another nor'easter ishitting the area right now. meteorologist todd gross is tracking this storm. >> this won't be as bad as last week but the snow is a big wild card as i've been telling you for the past couple of days. it is just pushing in right now. you can see it from boston down through new york city to philadelphia. mostly snow, just inland from the coast and mostly rain right on the shorelines. several problem spots. first of all, just south of boston. not only very windy but a big storm surge coming in there later this afternoon. and again at high tide later tonight. also out on the eastern tip of cape cod, out towards nantucket, winds already to 55 miles an hour likely to gust to 60. so some damaging winds there. then there's that new york city vicinity area in terms of the snow. it's a big wild card because we're not
CNBC
Nov 12, 2012 4:00am EST
expected to admit any wrongdoing. stock today is marginally down in frankfurt. new york governor andrew cuomo reportedly plans to ask the u.s. government for at least 30 billion in aid to help new york city and other areas recover from hurricane sandy. the new york sometimes suggest cuomo aids suggest the state needs more than 3 billion just to repair bridges, tunnels, subway lines. sandy is has estimated to have cost more than $50 billion in damage. president obama is expected to view the recovery efforts on thursday. lk ahead martin's incoming ceo has resigned after he had a close personal relationship with a subordinate. he will now be replaced by huson who will take on the role of acting president and coo. all three major defense contractors have women at the helm. lockheed martin stock flat. >>> and aeg is teaming up with stub hub. aeg is the owner of more than 100 venues worldwide including the staple center los angeles. starting next year, customers shopping for tickets on the service will be able to buy or sell them through stub hub, and online ticket resaler. stub hub charges commissions on each sale and the stock in frankfurt down around a third of a percent. >>> and president obam
CNBC
Nov 28, 2012 12:00pm EST
said at a conference in new york city. we're going to tell you exactly what it is, just after the break. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ male announcer ] zeebox is the free app that makes watching tv even better. if your tv were a hot dog, zeebox would be some sort of fancy, french mustard. just like adding fancy mustard to a hotdog makes you go "woah!," zeebox adds video, info, and playalongs to spice up your favorite shows. download zeebox free and say "woah" every time you watch tv. tired of fees piling up introducing chase liquid.s. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid
CNBC
Nov 5, 2012 6:00pm EST
right outside new york city, and boy, they have been starved for guys dumping stuff. this is going to be huge for their business. the stock has done absolutely nothing but has a great yield. i say go with waste management. okay, it's all about leadership. not in washington, but in the boardroom! good stocks. i'll help you find them no matter who wins. "mad money" will be right back. >>> coming up, business on the ballot? on the eve of an election, the nation waits to see which candidate will rise to the occasion. cramer's not waiting for anything. tonight, he's breaking down which stocks could be most impacted by the vote. and how to position yourself before polls close. and later, energy opportunity? in the wake of bp's horrific disaster, the company took drastic steps to keep its business from failing. selling off assets at bargain prices. he's got a list you won't want to miss. >>> plus, gain from hain? sending the stock up over 50%. but will the gain soon turn into pain? or can this all natural stock continue to build you healthy returns? cramer is exclusive with its ceo just a
CNBC
Nov 6, 2012 3:00pm EST
is of the white house. >>> meantime, superstorm sandy may have devastated new york city, but turnout is heavy in queens, new york, as voters cast their ballots in makeshift polling locations. been like that in many parts of the tri-state area today. we're back in a moment. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent
CNBC
Nov 5, 2012 12:00pm EST
a storm surnl which was the greatest thing the new york city area has seen probably in its modern history, the fact that we have been able to get so many customers back online, i think, is a credit to the utilities. their historical performance in doing well, keeping the lights on through what a lot of people don't appreciate as disruptive is something they are reckoning with now. if you are someone out of power of course it seems absurd. >> especially in inland new jersey where there was no flooding. it's about wind damage. some people live in towns with no damage and they don't understand why they have to live without power. >> when am i going to get power back? >> i agree. >> three people on this -- joe, you don't have power? >> not for a long time. >> do i look like i have power? >> three people here are without power. >> eight days. >> thanks for coming on, christine. >> another premise out there is that part of the underlying problem is the business model of the utilities which are regulated to death. regulators say what they can charge, what the investment plans can be. why
CNBC
Nov 20, 2012 5:00pm EST
. "fast money" starts now. live from the nasdaq market site in new york city's times square i'm melissa lee. here are tonight's top three trades. beware of value traps. jim chenos called hp the ultimate value trap and that was a good bet. tonight the top traps to avoid. from dollar stores to gymboree, how companies are setting up for black friday. energy under fire. we could use a pick me up from time to time but energy drinks are taking a hit on health concerns. find out about an energy alternative making in roads in the multi billion dollar business. let's get to the tech wreck, accounting worries for hp as they take on the $8.8 billion charge on the autonomy deal dragging down old and new tech today. what do you make of this? some people said there are signs of a bottom in place. now it's reversing again. >> whatever bottom people are looking at in tech i'm not seeing it. the issue has been tech, will be tech and going forward from a growth and earnings perspective will continue to be tech if the breakdowns continue. look at the negative diver jens. worst performer, tech. the bigger
CNBC
Nov 7, 2012 5:00pm EST
it all. this is "fast money." >>> live from the nasdaq markets, new york city's time square, i'm melissa lee. here are tonight's top three trades. we will give you the best protection plays amidst the uncertainty. apple hits a bear market, big names on the street are shot, the name, should you, too? our traders make that call. a changing of the guard in china, find out why a new batch of leaders can have a big impact on global growth and your portfolio. first, today's selloff you can the dow plunging more than 300 points, posting the biggest loss of the year, s & p 500 dropping the most since june. what was behind the slide? can we point to europe to the president being re-elected -- >> yes. >> i will go down that road. >> all of t all of t. >> but the biggest difference between yesterday and today is that there are no hope today that romney will be president. >> i think that run-up that we saw, if you watch the action in the coal names yesterday, it was based on a romney victory or [ competitive. the reason i know this, they turned on their heels and sold the hell out of them to
CNBC
Nov 13, 2012 5:00pm EST
of it. "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. here are top three trades. tech troubles, major stumble for microsoft as the head of windows leaves. >>> plus, johnson's foley. jcpenney drops again. is ron johnson putting the viability at risk? the traders will detail that. >>> well, isn't that special? should you be betting on big, bad dividends to pay your investing accounts ahead of the fiscal cliff deadline? we have special ideas later on in the show. >>> first, facebook, losing friends in the marketplace. dropping below 20 bucks a share ahead of tomorrow's big lockup expiration, the mother of all expirations. 804 million shares could flood the market. is the selloff overdone? is it finally time to buy this dip? dan, do you think we're going to see a bounce? do you think we should buy it? >> fundamentally their challenges are well known here. this has been a technical setup. we had the lockup in august. the stock was weakened at that. we had the lockup last month. the stock was weakened at that. the stock
CNBC
Nov 5, 2012 9:00am EST
recovery of sandy. east coast looking to recover from superstorm sandy. in new york city, more of the transit systems are being restored. most schools are open. there's still about 1.5 million outages in the states hit by sandy as colder temperatures now hit the region. the lines at the gas stations continue to be long as you have no doubt seen over the weekend and we should point out it will get cold. it's going to get stormy. there's a nor'easter on the way to this part of the country coming wednesday, thursday. it's going to make recovery even more difficult. >> just what we need. >> now there's some discussion in the "times" about impact on retailers. ports are disabled to some degree. warehouses are damaged. rail service is spotty. inventory will be messed up through black friday and potentially through the holidays at large. >> the more you dig into this one, the worse it is. >> the larger the losses get and larger estimates of loss gdp get with each passing day. things you may not think about. people who aren't necessarily harmed by the storm thankfully but their businesses wer
CNBC
Nov 21, 2012 12:00am EST
vice president of le vian jewelers in new york city. he says that thieves are so brazen, they'll even target jewelers in new york's heavily fortified diamond district. >> they say there are more police officers on the street here than anywhere else in new york, and the reason is, it's not safe to be out here without a police officer. a lot of these guys are retired. look over to the left there. see the guy with the hat on? >> right. >> retired cop, bet you anything there to protect that fedex delivery person. >> turns out he was right. but loebl learned all of this the hard way. in 1999, he was followed leaving a department store in cincinnati. after waving off his police escort, he stopped at this restaurant. when he came out, a van screeched up next to his car. >> how many of them were there? >> five. >> how much did they get? >> they got over $5 million. >> it's a pretty good haul. >> it's a frightening-- it's a frightening haul. >> in 2003, south american gangs were responsible for 195 jewelry robberies, stealing more than $50 million in merchandise. this video, taken from a polic
CNBC
Nov 7, 2012 9:00am EST
stephenson live from new york city. futures look weak down 1/14. "squawk on the street" live from post nine is back in a minute. i was in the ambulance and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> president obama enjoying an election victory. phil lebeau joins us from mccormick place in chicago where the speech took place talking about the mood there today and the hard work begins again. >> reporter: it will be interesting to see over the next couple of weeks besides the fiscal cliff what else do we hear from the obama administration in terms of priorities for the second term? as you mentioned, it was just a few hours ago that the president came out and gave his victory speech and even though he did not win all of the swing states, keep in mind he won 7 of the 9. north c
CNBC
Nov 29, 2012 5:00pm EST
pop for the concrete jungle. sometimes new york city can be a wild place. staten island residents were shocked to see a full-grown zebra chasing a pony down a busy street. the elusive e kwiens escaped from their enclosure and decided to take a lap down, appropriately named, victory boulevard. after earning their stripes, the zebra and pony were returned unharmed. >> is that a male zebra chasing -- >> are they different -- i mean -- >> zebras don't know. i'm just saying. >> i've seen that strange couples thing. just saying. >>> coming up next, guy and his suspenders will take a victory lap. he also has some explaining to do. find out as we hit the good, the bad, and the ugly. stay tuned. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> let's get a market flash. supervalu plunging 18%
CNBC
Nov 21, 2012 4:00pm EST
. the giant balloons from macy's 86th annual thanksgiving day parade are being blown up here in new york city. more than 50 million viewers expected to watch the parade tomorrow morning. yeah, this is part of the traffic nightmare out there right now. stay with us. >>> time to toast today's close with this. will the earliest thanksgiving in five years affect the number of shoppers looking to jump start their holiday shopping on black friday weekend? we'll tell you next. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >>> to toast today's market close, we asked, how many americans will be shopping this thanksgiving weekend? 147 million. that's down a little more than 3% from last year according to the national retail
CNBC
Nov 15, 2012 5:00pm EST
" begins right now. >>> live from the nasdaq market site in new york city's times scare, i'm melissa lee. mastering mobile. it's tripped up many chip makers. we have a conversation with the ceo of qualcomm. "breaking dawn 2" opens nationwide tomorrow. lionsgate vice chairman tells us what the company needs for the bottom line. what the unrest could mean for the markets. but first, our top story. that is the markets extending their selloffs. the s&p 500 now down nearly 8% in two months. the nasdaq 100 down 11%, firmly in correction territory. the s&p 500 has lost more than $600 billion in market cap since the president was re-elected. so the markets here? >> there's no real reason to rush in. why don't you just wait another month, month and a half or so and see how it all plays out. to me, you're looking at higher taxes and a timeline that is not conni conducive to a fix. the market needs a long-term fix. entitlements are the biggest issue and they don't have enough time to fix it. >> in terms of technicals, another select death match is out there. we're going to grind possibly lower do.
CNBC
Nov 21, 2012 1:00pm EST
conference in new york city. to find out where they stand on the fiscal cliff and the economy. here's what they told her. >> everyone is concerned all around the world. i think it's going to take -- and i'm not an economist, but listening to what everyone says, people i have great respect for -- it's going to take time and so much depends on what happens in europe and in asia and it's not just what happens in the u.s. but i still think that shouldn't discourage people from wanting to succeed and i think they have to be confident that you can do well even in tough times. >> i think we're always a bit scared about where the economy is globally and i think i'm not different from that. we just hope that it gets back on the right track and hopefully that's where it's going. >> i think it really causes the entrepreneurial spirit to thrive because people are no longer looking at the old mechanisms and the old ways that people are worried about wall street so they're not looking at wall street as a road. when they're thinking about finance, they're thinking about it in other ways. when they're thi
CNBC
Nov 26, 2012 5:00pm EST
live from the nasdaq market site in new york city's times square i am mandy standing in for melissa lee. here are tonight's top three trades. retail mobility. the whole weekend was an online shopping event. and hain fights back. we have the ceo on the show with his take plus cliff hanger. it is the cloud hanging over investors. should you be encouraged by the latest comments out of washington. let's get to the top story. should you be betting on some of the tech names? you have facebook, yahoo all getting upgrades. should you be buying to the rebound. grasso, goldman sachs is saying conviction for yahoo. >> yahoo i agree with. for me facebook was a buying opportunity based on technicals. yahoo is in an improve me stage. 19 is real resistance. marissa may erwhen she came back six hours after having a baby she came back. to me that was -- >> i'm looking for paternity leave these days. >> you have to go to norway for that one. >> it is a tremendous story. they are investing. they are buying more opportunities. they still have competition but the stock is really proving itself but it is
CNBC
Nov 1, 2012 5:00pm EDT
. don't go anywhere, fast money begins now. >>> live from the nasdaq markets in new york city's times square. this is "fast money." stocks kicking off november in rally mode. the nasdaq and s&p 500 rising more than 1% a piece. that's the first time that happened since mid september. better than expected data from china, the u.s. helping to give a boost with stocks across the board. and tech, a bright spot in today's session with notable moods. it's interesting, you go from the month of october where tech was the worst performing sector and moved into november and how quickly things changed. >> it felt like the first of the month, i'm not making light of it, i think that's a lot of what's going on. tech clear, microsoft performed well. intel to me, the most interesting one. finally catching a bounce for no apparent reason. here we are again at 1425, give or take, that was support on the way down a couple times. it's resistance on the way up. and here we are right now, my inclination is to stave this move, we'll know more in 12 to 14 hoyers from now. >> the semiconductor up 3%. it's alm
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